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Ithmaar bank CEO to leaveBahrain's Ithmaar Bank said its chief executive and the head of a unit it is merging with will leave the bank, three weeks after a rights issue by the lender raised only half the targeted amount. In a statement on Wednes More… |
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Zain, Shamil ink online payment dealZain Bahrain said it has signed an agreement with Shamil Bank, a leading Islamic bank in the kingdom, to offer Shamil customers online facilities to enquire and pay, in real-time, their Zain accounts. Mohammed Janahi, Shamil Bank Retail Ba More… |
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Zain, Shamil ink online payment dealZain Bahrain said it has signed an agreement with Shamil Bank, a leading Islamic bank in the kingdom, to offer Shamil customers online facilities to enquire and pay, in real-time, their Zain accounts. Mohammed Janahi, Shamil Bank Retail Ba More… |
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It's survival of the fittest, banks warnedBanks worth less than $3 billion to $4 billion are unlikely to survive the next few years, a leading Bahrain banker has warned. It's survival of the fittest for banks in Bahrain and the Gulf, said Ithmaar Bank chairman Khalid Jana More… |
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Shamil 'has minor Saudi exposures'Shamil Bank, a unit of Bahrain-based Islamic lender Ithmaar, has minor exposures to troubled Saudi groups Saad and Ahmad Hamad Algosaibi and Brothers (AHAB), it said in a statement on Thursday. "Shamil Bank has a minor exposure, representi More… |
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BBK eyes buys after merger stallsBahraini lender BBK will pursue acquisition opportunities in Bahrain and the Gulf region after a planned merger with Islamic rival Shamil Bank was put on hold, its chief executive said. "We will continue to look into opportunities, if some More… |
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Ithmaar stalls Shamil, BBK bank mergerBahrain-based Islamic lender Ithmaar has put the planned merger of its unit Shamil Bank with partly owned retail bank BBK on hold due to market uncertainty. Ithmaar said in a statement its board had "reviewed its 2009 strategy in light of More… |
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Tamkeen, Shamil JV readies $24.6m fund for SMEsA landmark initiative by Tamkeen (Labour Fund) and Shamil Bank has provided more than BD9.3 million in financing to 192 small and medium enterprises (SMEs) in Bahrain. Shamil is a leading Bahrain-based Islamic commercial and investmen More… |
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Shamil Bank announces major staff promotionsShamil Bank, a leading Bahrain-based Islamic commercial and investment bank and a wholly-owned subsidiary of Ithmaar Bank has appointed Ahmed A Rahim deputy chief executive as part of its corporate restructuring plan. The bank also promote More… |
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Ithmaar Bank to acquire 100pc of Shamil BankIthmaar Bank, a Bahrain-based investment bank with global reach, has announced its intention to complete the acquisition of Shamil Bank of Bahrain, a leading Islamic commercial and investment bank. Ithmaar Bank, which currently owns 60 pe More… |
